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Abcourt Mines
(ABI)
Abcourt Mines (ABI) vs. S&P 500 (SPY)
Abcourt Mines Business Overview & Revenue Model
Abcourt Mines Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 265.12K | 7.01M | 20.39M | 27.59M | 24.06M | Gross Profit |
| 265.12K | 2.78M | -2.41M | 3.43M | 1.94M | EBIT |
| -10.88M | -5.04M | -21.47M | 2.27M | 1.12M | EBITDA |
| -10.36M | -4.73M | -19.47M | 5.11M | 4.26M | Net Income Common Stockholders |
| -11.59M | -5.34M | -21.62M | 2.42M | 358.86K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 757.75K | 963.97K | 720.51K | 2.45M | 1.96M | Total Assets |
| 14.06M | 17.40M | 12.29M | 31.79M | 45.81M | Total Debt |
| 1.32M | 1.85M | 2.48M | 1.93M | 0.00 | Net Debt |
| 557.63K | 890.27K | 1.76M | -529.55K | -1.96M | Total Liabilities |
| 20.35M | 19.27M | 15.41M | 15.05M | 14.15M | Stockholders Equity |
| -6.28M | -1.87M | -3.13M | 16.73M | 31.66M |
| Cash Flow | Free Cash Flow | |||
| -10.40M | -664.31K | -3.94M | -2.59M | -1.53M | Operating Cash Flow |
| -10.16M | -79.64K | -1.96M | 5.12M | 3.63M | Investing Cash Flow |
| 3.64M | -477.14K | -1.98M | -7.12M | -5.17M | Financing Cash Flow |
| 6.31M | 800.25K | 2.21M | 2.49M | 697.34K |
Abcourt Mines Technical Analysis
Abcourt Mines Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | C$40.02M | ― | -14.84% | ― | -100.00% | -21.05% | |
49 Neutral | $1.93B | -1.47 | -21.02% | 3.74% | 0.80% | -29.57% | |
47 Neutral | C$38.66M | ― | -107.89% | ― | ― | 42.51% | |
39 Underperform | C$40.89M | ― | -108.81% | ― | ― | -4.84% | |
33 Underperform | C$40.32M | ― | ― | ― | ― | ||
32 Underperform | C$36.46M | ― | -26.84% | ― | ― | -550.00% |
Abcourt Mines Corporate Events
Abcourt Mines Inc. announced the discovery of a new mineralized zone on its Flordin Property in Quebec, with significant gold grades intercepted in drill hole FL-25-283. This discovery, located near the surface, is characterized by a unique alteration and mineralization pattern distinct from other areas on the property. The company is conducting further studies to understand the mineralogy and potential of this zone, which could enhance Abcourt’s operational prospects and strengthen its position in the gold mining industry.
Spark’s Take on TSE:ABI Stock
According to Spark, TipRanks’ AI Analyst, TSE:ABI is a Neutral.
Abcourt Mines is currently facing severe financial challenges, with negative margins and cash flow issues being the most significant risks. However, recent corporate events, including successful financing rounds and strategic partnerships, offer some potential for improvement in operational capacity and market positioning. Despite some technical stability, the negative valuation reflects ongoing financial struggles. Urgent strategic actions are crucial to stabilize the company’s financial position.
To see Spark’s full report on TSE:ABI stock, click here.
Abcourt Mines Inc. has announced a secured debt financing of US$8 million to restart its Sleeping Giant mine and mill, with additional equity financing to support the project. This financial move is expected to position the company well for the mine’s restart and ramp-up, addressing capital needs and potentially enhancing shareholder value.
Spark’s Take on TSE:ABI Stock
According to Spark, TipRanks’ AI Analyst, TSE:ABI is a Neutral.
Abcourt Mines faces substantial financial hurdles, with negative margins and cash flow issues being major concerns. However, technical indicators show slight stability, and recent capital raises and exploration successes provide a positive outlook. The negative valuation remains a risk, but strategic partnerships and gold project advancements offer potential upside.
To see Spark’s full report on TSE:ABI stock, click here.
Abcourt Mines Inc. has successfully closed the first tranche of a non-brokered private placement, raising gross proceeds of $1,668,040. The funds will be used for the exploration and advancement of the company’s Flordin and Sleeping Giant gold projects in the Abitibi Greenstone Belt in Québec, as well as for working capital and general corporate purposes. The offering is subject to final approval by the TSX Venture Exchange, and all securities issued are under a statutory hold period.
Abcourt Mines Inc. has announced a non-brokered private placement to raise up to $3 million through the issuance of units and flow-through shares. The funds will be used to advance development and exploration at the Sleeping Giant and Flordin gold projects in Quebec’s Abitibi Greenstone belt, potentially enhancing the company’s operational capacity and market positioning.
Abcourt Mines Inc. announced successful assay results from its drilling campaign on the Flordin property, confirming the east extension of the South Zone. The drilling intersected significant gold mineralization, with one hole revealing a large mineralized envelope of 47.2 metres at 1.1 g/t gold. This discovery demonstrates the continuity of high-grade gold mineralization over more than 1.8 kilometres between the South and Cartwright Zones, with plans for further exploration to connect these zones. The results enhance Abcourt’s operational prospects and strengthen its position in the gold mining sector.
Abcourt Mines Inc. has announced a strategic partnership with Groupe Minier Technica, a prominent Canadian mine contractor. This collaboration involves a $3 million investment by Technica in Abcourt, aimed at accelerating the development of the Sleeping Giant Project in Quebec. The partnership is expected to enhance the project’s value and support its future expansion, benefiting all stakeholders involved.
Abcourt Mines Inc. announced significant drilling results from the Sleeping Giant Mine, with notable gold intersections of 171.53 g/t over 0.5 metre and 126.55 g/t over 0.8 metre. These results, part of a larger drilling campaign, are intended to update mineral resources and support an economic prefeasibility study, highlighting the mine’s potential and the company’s strategic efforts to enhance its resource base.
Abcourt Mines Inc. reported its financial results for the second quarter ending December 31, 2024, showing a net loss of $2.45 million, an improvement from the previous year’s loss. Despite no revenues, the company’s cash reserves increased significantly, alongside a notable settlement with Revenu Québec. These developments indicate potential stabilization and strategic financial management, impacting its operational focus and shareholder equity positively.
Abcourt Mines has announced the discovery of a new gold mineralized zone on its Flordin Property, with assay results showing 1.3 g/t gold over 28.5 metres, including a higher concentration of 5.1 g/t gold over 3 metres. The drilling campaign has expanded to the western part of the property, demonstrating the continuity of high-grade gold mineralization over a distance of more than 1.8 km. This discovery could enhance Abcourt’s operational prospects and strengthen its position in the gold mining sector.
Abcourt Mines Inc. announced promising results from its recent drilling program at the Sleeping Giant mine, with significant gold intersections that could indicate a new, lucrative extraction zone. This development, alongside the appointment of a new director, suggests a strategic move to expedite resource conversion into income, potentially strengthening the company’s market position and benefiting stakeholders.
Abcourt Mines announced promising assay results from its latest drilling campaign at the Flordin property, revealing significant gold mineralization close to the surface. The continuity of the mineralized zones, Adam and Horse, over a 200-meter lateral strike and proximity to the surface, underscores the potential of the site. With gold prices nearing $3,000 per ounce, Abcourt prioritizes the Flordin project, as it continues planning further exploration, especially to the east, where minimal drilling has occurred. The involvement of Agnico-Eagle, following its acquisition of O3 Mining, adds further interest to this mining region.